HGER vs. FTGC
HGER (Harbor Commodity All-Weather Strategy ETF) and FTGC (First Trust Global Tactical Commodity Strategy Fund) are both Commodities funds. HGER is passively managed, while FTGC is actively managed. Over the past 3 years, HGER returned 21.26%/yr vs 18.13%/yr for FTGC. Their correlation of 0.87 suggests significant overlap in exposure. HGER charges 0.68%/yr vs 0.95%/yr for FTGC.
Performance
HGER vs. FTGC - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with HGER having a 28.12% return and FTGC slightly lower at 27.15%.
HGER
- 1D
- -0.28%
- 1M
- -2.72%
- YTD
- 28.12%
- 6M
- 27.93%
- 1Y
- 41.90%
- 3Y*
- 21.26%
- 5Y*
- —
- 10Y*
- —
FTGC
- 1D
- -0.44%
- 1M
- -2.63%
- YTD
- 27.15%
- 6M
- 26.06%
- 1Y
- 41.32%
- 3Y*
- 18.13%
- 5Y*
- 13.08%
- 10Y*
- 7.77%
HGER vs. FTGC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HGER Harbor Commodity All-Weather Strategy ETF | 28.12% | 20.08% | 9.25% | 1.93% | 9.77% |
FTGC First Trust Global Tactical Commodity Strategy Fund | 27.15% | 14.61% | 9.96% | -5.36% | 6.76% |
Correlation
The correlation between HGER and FTGC is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2022 | 0.87 |
The correlation between HGER and FTGC has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.
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Return for Risk
HGER vs. FTGC — Risk / Return Rank
HGER
FTGC
HGER vs. FTGC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Commodity All-Weather Strategy ETF (HGER) and First Trust Global Tactical Commodity Strategy Fund (FTGC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| HGER | FTGC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.47 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 5.20 | 5.25 | -0.05 |
| Martin ratioReturn relative to average drawdown | 17.52 | 17.39 | +0.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HGER | FTGC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.50 | 2.66 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.82 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.24 | +0.66 |
Drawdowns
HGER vs. FTGC - Drawdown Comparison
The maximum HGER drawdown since its inception was -23.31%, smaller than the maximum FTGC drawdown of -59.47%. Use the drawdown chart below to compare losses from any high point for HGER and FTGC.
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Drawdown Indicators
| HGER | FTGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.31% | -59.47% | +36.16% |
Max Drawdown (1Y)Largest decline over 1 year | -8.09% | -7.91% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -8.84% | -10.39% | +1.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.91% | — |
Current DrawdownCurrent decline from peak | -4.99% | -4.65% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -7.66% | -27.42% | +19.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 2.38% | +0.02% |
Volatility
HGER vs. FTGC - Volatility Comparison
The current volatility for Harbor Commodity All-Weather Strategy ETF (HGER) is 4.02%, while First Trust Global Tactical Commodity Strategy Fund (FTGC) has a volatility of 4.50%. This indicates that HGER experiences smaller price fluctuations and is considered to be less risky than FTGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HGER | FTGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.02% | 4.50% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 14.54% | 13.15% | +1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.87% | 15.59% | +1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.62% | 16.00% | +1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.62% | 14.71% | +2.91% |
HGER vs. FTGC - Expense Ratio Comparison
HGER has a 0.68% expense ratio, which is lower than FTGC's 0.95% expense ratio.
Dividends
HGER vs. FTGC - Dividend Comparison
HGER's dividend yield for the trailing twelve months is around 5.53%, less than FTGC's 15.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FTGC First Trust Global Tactical Commodity Strategy Fund | 15.08% | 17.74% | 3.05% | 3.34% | 10.35% | 7.21% | 0.00% | 0.81% | 0.80% | 1.21% |
HGER Harbor Commodity All-Weather Strategy ETF | 5.53% | 7.09% | 3.28% | 7.24% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HGER and FTGC have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTGC has higher volatility (4.50%) compared to HGER (4.02%). In terms of maximum drawdown, HGER dropped -23.31% vs FTGC's -59.47%.
On 3-year performance, HGER leads with 21.26% vs 18.13% for FTGC. On fees, HGER is cheaper at 0.68% per year. On volatility, HGER has been the lower-risk option at 4.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, HGER has performed better with a 21.26% return vs 18.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HGER is cheaper with a 0.68% expense ratio, compared with 0.95% for FTGC.
FTGC has the higher dividend yield at 15.08%, compared with 5.53% for HGER.
They also come from different issuers: Harbor and First Trust. Their fees differ too: 0.68% for HGER and 0.95% for FTGC.
FTGC currently has the higher Sharpe Ratio (2.66 vs 2.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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